MRED Blog

More than 3,100 residential listings closed in MRED’s marketplace during the last week. That’s a 26% drop compared to the same period in 2021, but a 15% week-over-week increase. Only two other weeks this year have seen more closed listings.

Click here to see the full report.

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Listings under contract in MRED’s marketplace inched up on a week-over-week basis while still falling short of 2020 levels. The 6% weekly increase accompanied a 13% annual decline. It was the 16th straight week of year-over-year decrease.

Click here to see the weekly market snapshot.

MRED’s residential marketplace saw a 9% weekly and 5% annual jump in median sales price. This spike led to MRED’s largest recorded median sales price.

• Median sales price last week: $300,000
• Median sales price this week: $327,000
• Median sales price during same period last year : $310,000

MRED’s residential marketplace saw week-over-week and year-over-year median sales price increases. The third week of May registered a median sales price of $310,000, a 3% weekly bump and a 7% annual spike.

• Median sales price last week: $300,000
• Median sales price this week: $310,000
• Median sales price during same period last year : $288,500

Click here to see more weekly stats.

The total number of open houses in MRED’s marketplace during the last week jumped 57% compared to the previous week. That spike led to the most open houses in a single week since September:

• Open houses last week: 1,896
• Open houses this week: 2,975
• Open houses during same period last year : 2,944

See all the stats in our Weekly Market Snapshot.